What 2020’s Most Expensive Painting Says About The Art Market

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The pandemic and recession shook up the art world in 2020.

A Francis Bacon triptych that went for $84.

5 million at Sotheby’s was the most expensive artwork to sell at auction in 2020, a low price compared to the biggest sales in previous years as economic uncertainty led wealthy art collectors to stand pat.... [+], a characteristically creepy set of three paintings, brought the third-highest price for a Bacon work in June.which went for $142.4 million in 2013, at the time the most expensive piece to ever be sold at auction.

 

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An article stating facts. No analysis? Doesn’t justify the title! Sorry.

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